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BTM
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Bytom
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About Bytom

Ontology price today is $0.556021 USD with a 24-hour trading volume of $135,307,422 USD. Ontology is down 3.93% in the last 24 hours. The current CoinMarketCap ranking is #38, with a market cap of $431,185,351 USD. It has a circulating supply of 775,484,099 ONT coins and the max. supply is not available. You can find the top exchanges to trade Ontology listed on our crypto exchanges page.

Ontology describes itself as a provider of high-performance public blockchains, which includes distributed ledger and smart contract systems.

The Ontology blockchain framework reportedly supports public blockchain systems that can be customized for different applications. Ontology supports collaboration among chain networks with its various protocol groups.

Ontology aims to constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework and distributed data exchange protocol. Ontology intends to continue developing new common modules based on specific scenario requirements.

Ontology uses a dual token (ONT and ONG) model. ONT is a coin and can be used for staking in consensus, whereas ONG is a utility token used for on-chain services. ONT releases ONG periodically.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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